MCQs on Vouchers

A Voucher is an internal document that is used to support the entries in accounting books. It is a transaction bond of redeemable form that can be used for specific purposes and has monetary value.

Below is a list of multiple-choice questions and answers on Vouchers to understand the topic better.

  1. Which of the following is documentary evidence that records the details of a transaction and is prepared in a specific format?
    1. Journal
    2. Ledger
    3. Voucher
    4. All of the above
  2. Answer: c

  3. Which of the following transactions is a voucher prepared for?
    1. Cash or credit purchase
    2. Cash or credit sale
    3. Cash received and paid
    4. All of the above
  4. Answer: d

  5. A voucher is prepared on the basis of ________.
    1. The journal entries
    2. The ledger entries
    3. The documentary evidence
    4. All of the above
  6. Answer: c

  7. Which of the following details are included in a voucher?
    1. The transaction amount (in both figures and words)
    2. Signature of the manager or an authorised person
    3. The particulars column (it records a brief description of the transaction)
    4. All of the above
  8. Answer: d

  9. Which of the following procedures should an accountant follow while preparing a voucher?
    1. Verify the date, amount, signature and transaction details on the supporting documents
    2. Confirm if an authorised signatory has approved the supporting documents
    3. Select the type of voucher that will be used for the transaction
    4. All of the above
  10. Answer: d

  11. Which of the following are types of accounting vouchers?
    1. Payment voucher
    2. Receipt voucher
    3. Supporting voucher
    4. All of the above
  12. Answer: d

  13. Which of the following documents are issued at the time of purchase return?
    1. Banknote
    2. Credit note
    3. Debit note
    4. None of the above
  14. Answer: c

  15. A debit voucher is prepared when _______.
    1. The goods are purchased in exchange for cash
    2. The goods are sold on credit
    3. A machine is sold on credit
    4. All of the above
  16. Answer: a

  17. Which of the following transactions requires the preparation of a voucher?
    1. A credit sale of Rs. 5000 to M/s. Ram Das and Sons
    2. A receipt of Rs. 4000 as professional fees for content development
    3. A payment of Rs. 30000 as rent for the month of February
    4. None of the above
  18. Answer: a

  19. Which of the following statements is not true about a source document?
    1. A petty cash voucher is a source document
    2. A voucher is a source document
    3. An invoice is a source document
    4. A credit note is a source document
  20. Answer: b

  21. Which of the following statements is correct about an invoice?
    1. An invoice is prepared when the goods are sold on credit
    2. An invoice is prepared when the goods are sold both in cash and credit
    3. An invoice is prepared when the goods are sold in cash
    4. None of the above
  22. Answer: a

  23. Which of the following statements is correct?
    1. A credit note is prepared when the goods are returned by the customer
    2. A voucher is prepared when the goods are returned by the customer
    3. A debit note is prepared when the goods are returned by the customer
    4. None of the above
  24. Answer: a

  25. What are the benefits of preparing a voucher?
    1. A voucher helps to retain more control over the payables process
    2. It helps in simplifying the payables audit trail
    3. It helps in making the payment for multiple vouchers at once
    4. All of the above
  26. Answer: d

  27. Which of the following business documents is a proof of payment for a business transaction?
    1. Receipt
    2. Invoice
    3. Debit note
    4. None of the above
  28. Answer: a

  29. Raman purchases goods worth sixty thousand rupees from Suresh on credit. But some of those goods are damaged. Which of the following documents would Raman return to Suresh along with the damaged goods?
    1. Debit note
    2. Purchase invoice
    3. Sales invoice
    4. Sales returns invoice
  30. Answer: a

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